Trade Costs and the Economic Fundamentals of the Initiative for Integration of Regional Infrastructure in South America (IIRSA)

Mauricio Moreira

No 2457, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: In October 2000, the twelve countries of South America launched, a multinational, multisectoral and multidisciplinary initiative, whose main objective is to develop the region's infrastructure within a context of environmental sustainability. Supported by the Inter-American Development Bank (IDB), the Andean Development Corporation, and the Financial Fund for the Development of the River Plate Basin, the Initiative is based on a hub strategy and its action plan calls for (1) strengthening national investment planning and coordination among countries, (2) standardizing and harmonizing regulatory and institutional aspects and (3) developing a portfolio of projects that encourage private sector participation and innovative financing schemes. This paper revisits IIRSA's economic fundamentals, looking at: the motivation behind regional integration; the importance of transport versus policy related trade costs; and the likely impact of the initiative on regional disparities and growth.

Keywords: INTAL ITD Working Paper N° 30; Transporte; Integración Física; Infraestructura; Comercio; INTAL; Integración Regional (search for similar items in EconPapers)
Date: 2007-05
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Related works:
Working Paper: Trade costs and the economic fundamentals of the initiative for integration of regional infrastructure in South America (IIRSA) (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:2457

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